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#2802418

Napier South

31 Georges Drive, Napier South, Napier

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4,011sqm

1,850sqm

For Sale by Negotiation

Freehold motel investment - land and buildings

Selling the land and buildings component of this immaculate motel. Comprising a modern thirty-two (32) unit complex which includes a two storey spacious three (3) bedroom managers residence, on site restaurant and bar.

Centrally positioned two (2) kilometres from the centre of the Napier CBD.

The property is subject to a long term lease, with a residual term of twenty (20) years.

Brent Hannah

Brent Hannah

brent.hannah@bayleys.co.nz

Eastern Realty Ltd, Bayleys,

Licensed under the REA Act 2008

Features

Accessibility

The motel is easily accessed from the main entries to Napier

Amenities

Among the many amenities offered by this superior complex are: on site licensed restaurant and conference facility, swimming pool and playground area

Lease term

The property is subject to a net lease, with 20 years remaining. Rent reviews are two (2) yearly.

Location

Centrally located in Art Deco Napier. Providing superior accommodation to the discerning traveller to Hawke's Bay